AUDNZD is always on our watch list because potentially there is a big buy setup coming soon.
If wave structures develops as how we forecast. We will not miss the buy. Traders, tell me how do you think of it?
Previously posted in our members group to sell @ Entry to 1.0185 || Stoploss: 1.0280 || Minimum Target: 0.9760.
Too bad for me, I moved my stop and it took me out with 1 or 2 pip difference. Definitely will get in back by
next week. Wish me luck =)
Orange arrow is our main view, But of course we will keep in mind that it might become a correction for more up.
All Yen pairs has been going up for quite some time now. With RSI Divergence in play,
How much longer can it goes up? Is it just coming down for a correction and continue
it's way up again? Or a total reversal? Let me know your thoughts. Thank you.
Happy Thanksgiving =)
The bull flag pattern is found within an uptrend. The bull flag is a continuation pattern
which only slightly retraces the advance preceding it.The technical buy point is when
price penetrates the upper trend line of the flag area.
Proper patience is needed throughout the life cycle of the trade, at entry, while holding and exit.
Price has broke the previous trend line and RSI suggest one cycle is over. Right now we should be
in correction and it should take awhile to develop then advance for another leg down. Watch it.
Entry: 1.0160 || Stoploss: 1.0225 || Minimum Target: 0.9760 || Target will be revise as there's more potential.
Bat Pattern usually test the 0.786 area and reverse totally. It will be nice if there is divergences and it will give us more confident that it will be a total reversal. DO NOT MISS THE TRADE !!
Entry: 110.78 || Stoploss: 111.40 || Minimum Target: 108.93
A high risk sell setup has been posted in our members section.
Why do we say it's high risk? Because RSI is showing divergences
but there is no confirmation that it is revering right now.
We have been watching it for awhile now and trying to get the
big sell. Guys, trade with prudent risk